5 Stocks Dragging In The Energy Industry

2. As of noon trading, Apache Corporation ( APA) is down $1.29 (-1.6%) to $81.74 on average volume Thus far, 2.0 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $80.85-$82.81 after having opened the day at $82.73 as compared to the previous trading day's close of $83.03.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $32.6 billion and is part of the basic materials sector. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. Shares are up 5.8% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Apache Corporation Ratings Report now.